Published at Sunday, March 03rd, 2019 - 22:15:16 PM. Invoice. By Carressa Leblanc.
After the purchasing company receives full payment for the invoice, you’ll receive the remaining value minus a ’factoring’ fee. This fee is based on a number of factors, including your customer’s credit worthiness, the average terms, and the invoice number and size. However, generally, the invoice factoring fee is up to five percent of the invoice value.
Advantages of Invoice Factoring Besides providing fast access to capital, invoice factoring offers a number of other important advantages. It gives you unlimited access to funds without adding liability to your balance sheet. Because invoice factoring isn’t a loan, there’s no debt or monthly payments involved. Plus, invoice factoring is a flexible arrangement because it doesn’t require any long-term contracts.
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